Economic growth in czechoslovakia
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Abstract
An analysis of the main factors of economic growth, of major growth barriers, and of the interrelation between the factors of growth (under the specific, though not entirely specific conditions of Czechoslovakia forms the subject matter of this paper, in addition to an investigation of the interdependence between the strategic parameters of the growth model on the one hand and the model of functioning of a socialist economy on the other) It is the intention of its authors that the publication should become part of those contemporary currents of thought which endeavour more fully to understand the reality of socialist construction, using the toolbox of up-to date economic research methods, e An attempt is made to employ the model of economic growth, applied to statistical data, as a criterion of efficiency, under changing conditions, of the traditional system of economic planning and control. It is hoped that this attempt jointly with the efforts of other Czechoslovak economists, will contribute to the determination of the optimum trajectory of transition from economic conditions, prevailing in 1961-1964, onto the time path of balanced economic growth. There are several reasons why not too much hope should be pinned to the expected results and conclusions of our investigation. One of our